Sonic Automotive Technical Analysis (NYSE:SAH)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The Sonic Automotive stock price data and volume are plotted in SAH stock charts and these trading charts form the basis of technical analysis.
See Sonic Automotive bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for Sonic Automotive stock analysis that does not care for the fair value of a company but uses price and volume data only.
Sonic Automotive Moving Average
Moving averages show the SAH stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Sonic Automotive are mostly signals of long term trends and will help long term traders.
Sonic Automotive Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Sonic Automotive. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Sonic Automotive bollinger bands show that the stock price is $20.45, upper band is 22.04, lower band is 17.5, and the average is 19.77.
Sonic Automotive Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Sonic Automotive MACD indicator is below 0 indicating a bearish trend.
Sonic Automotive Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . 66.94 is the RSI value of SAH stock.